I've noticed that on the Drupal Commerce demo, a logged in user still has to write his address during the checkout process.
Is it possible for the Billing Information fields to be pre-populated with the data from previous orders (such as the last one, for example)?

Playing around with the module, I saw that on the Checkout Settings, if I configure the Billing Information, there's an option to "Specify the customer profile reference field on the order to populate with profile data from this checkout pane.", which is set to the Customer Profile "Billing Information" created by default, but that alone doesn't seem to fill those fields during the checkout process.

Am I missing something?